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Alaska2026Passed Legislature

HB11

Alaska Permanent Fund Dividend Contributions and Disclosure Changes

Last scannedSep 8, 2026, 12:47 AM

In one sentence

This bill requires new information to be printed with Alaska Permanent Fund dividends, creates a way for people to donate part of their dividend to state funds, and sets rules on how donations are processed.

What it does

  • Requires the stub attached to each dividend check to list amounts from constitutional deposits, appropriations, inflation offsets, and reductions due to administrative costs or hold harmless provisions.
  • Mandates that the dividend notice explains why people convicted of felonies or certain misdemeanors cannot receive a payment.
  • Allows applicants on their electronic form to subtract money in $25 increments from their dividend to contribute directly to the state general fund or permanent fund principal.
  • Sets rules so that if donation choices exceed the total dividend amount, specific types of contributions are paid first before others based on statutory priority.
  • Requires the department to share dividend records with child support agencies when requested for legal enforcement purposes.

Who it affects

  • Alaska residents who apply for or receive Permanent Fund Dividends
  • The Department administering the Permanent Fund Dividend program

Limits and unknowns

  • The official text provided ends abruptly while describing rules for public agencies claiming dividends on behalf of others.
  • The effective date for when these changes begin is not listed in the metadata or summary.
  • Specific dollar amounts for crime victim services funded by withheld dividends are not detailed in this excerpt.

Plain language

Terms to know

Permanent Fund Dividend (PFD)
An annual payment made to eligible Alaska residents from the earnings of a state investment fund.
General Fund
The main account where the state keeps money for daily operations and services like schools and roads.
Dividend Disbursement Advice Stub
A paper or digital slip attached to a dividend payment that explains how much was paid, its sources, and any reductions.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

PFD CONTRIBUTIONS TO GENERAL FUND AND PF An Act relating to contributions and donations from permanent fund dividends.

Official activity

Bill history

  1. (H) REFERRED TO FINANCE1215
  2. (H) FN1: INDETERMINATE(REV)1215
  3. (H) AM: VANCE1215
  4. (H) NR: HIMSCHOOT, STORY1215
  5. (H) DP: MCCABE, HOLLAND, CARRICK1215
  6. (H) STA RPT CS(STA) NEW TITLE 3DP 2NR 1AM1215
  7. (H) Minutes (HSTA)Min
  8. (H) Moved CSHB 11(STA) Out of Committee -- Delayed to 4:15 pm--Text
  9. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120Text
  10. (H) Minutes (HSTA)Min
  11. (H) Heard & HeldText
  12. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120Text
  13. (H) -- MEETING CANCELED --Text
  14. (H) STATE AFFAIRS at 01:00 PM GRUENBERG 120Text
  15. (H) COSPONSOR(S): EISCHEID599
  16. (H) COSPONSOR(S): RUFFRIDGE, GRAY568
  17. (H) COSPONSOR(S): COULOMBE, ELAM550
  18. (H) COSPONSOR(S): SCHWANKE, VANCE512
  19. (H) <Bill Hearing Canceled> -- MEETING CANCELED --Text
  20. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120Text